district0x

Ended

Ended: Aug 1, 2017

A network of decentralized markets and communities

$9,789,541.00 raised. The district0x Network is a collective of marketplaces and communities, which we refer to as districts. Districts exist as decentralized autonomous organizations on the district0x Network. All districts will be built upon a standard open-source framework, d0xINFRA. Modeled after the Ethlance stack, the d0xINFRA framework is comprised of Ethereum smart contracts and front-end libraries. To provide all internet citizens with an opportunity to freely join and contribute to any district, to align incentives across all of a district’s participants, and to implement coordinated decision-making mechanisms to the district0x Network, they introduce the district0x Network Token. The district0x Network Token (DNT) is a staking token, used by holders to join districts and participate in their governance. Upon staking district0x Network Tokens to a district, participants receive an equivalent amount of voting rights in the district. Voting rights can be used to partake in the processes that determine everything from a district’s branding, to its accepted code of conduct, to the auxiliary modules that are integrated, to the way that fees collected by revenue-generating auxiliary modules are utilized, and beyond.

The district0x Network is a collective of marketplaces and communities, which we refer to as districts. Districts exist as decentralized autonomous organizations on the district0x Network. All districts will be built upon a standard open-source framework, d0xINFRA. Modeled after the Ethlance stack, the d0xINFRA framework is comprised of Ethereum smart contracts and front-end libraries. To provide all internet citizens with an opportunity to freely join and contribute to any district, to align incentives across all of a district’s participants, and to implement coordinated decision-making mechanisms to the district0x Network, they introduce the district0x Network Token. The district0x Network Token (DNT) is a staking token, used by holders to join districts and participate in their governance. Upon staking district0x Network Tokens to a district, participants receive an equivalent amount of voting rights in the district. Voting rights can be used to partake in the processes that determine everything from a district’s branding, to its accepted code of conduct, to the auxiliary modules that are integrated, to the way that fees collected by revenue-generating auxiliary modules are utilized, and beyond.

A network of decentralized marketplaces and communities.

A collective of decentralized marketplaces and communities. Powered by Ethereum, Aragon, and IPFS.

ICO Details

Public Crowdsale

Ended

Date Sale:

Jul 18, 2017 — Aug 1, 2017
@ 14 days

Sale Avalable Tokens:

600,000,000 DNT
@ 60.0%

ICO Overview

About district0x The district0x Network Token To provide all internet citizens with an opportunity to freely join and contribute to any district, to align incentives across all of a district’s participants, and to implement coordinated decision-making mechanisms to the district0x Network, we introduce the district0x Network Token. The district0x Network Token (DNT) is a staking token, used by holders to join districts and participate in their governance. Upon staking district0x Network Tokens to a district, participants receive an equivalent amount of voting rights in the district. Voting rights can be used to partake in the processes that determine everything from a district’s branding, to its accepted code of conduct, to the auxiliary modules that are integrated, to the way that fees collected by revenue-generating auxiliary modules are utilized, and beyond. Distribution The district0x Genesis Contract will mint 1,000,000,000 DNT tokens. On July 18th, 2017, district0x Factory is hosting an initial contribution period to kick off the process of distributing DNT tokens and to support the continued development efforts of the district0x Project. Up to 2 additional contribution periods may be hosted to further distribute DNT tokens. These may occur only after the deployment of key roadmap milestones and in the event that additional funding is necessary for the completion of the project. Starts July 18 3:00 p.m. UTC Ends August 1 or 48 hours after soft cap is reached Contribution Soft Cap 10 Mil USD Issuance Rate 600 Mil DNT Tokens Please note: 600,000,000 DNT tokens will be divided and distributed amongst all participants, each receiving an allocation proportional to the amount they contributed, relative to the total collected. After soft cap is reached, the contribution period will be closed in 48 hours In case of reaching 292750 ETH hard cap, contribution period closes immediately.

Districts are marketplaces and communities that exist as decentralized autonomous organizations on the district0x Network. All internet citizens will be able to deploy districts to the network free of charge, forever. All districts possess the following core functionalities: Posting & listing, Search & filtering, Ranking & reputation, Payments & invoicing.

The district0x Network is a collective of marketplaces and communities, which we refer to as districts. Districts exist as decentralized autonomous organizations on the district0x Network. All districts will be built upon a standard open-source framework, d0xINFRA. Modeled after the Ethlance stack, the d0xINFRA framework is comprised of Ethereum smart contracts and front-end libraries. To provide all internet citizens with an opportunity to freely join and contribute to any district, to align incentives across all of a district’s participants, and to implement coordinated decision-making mechanisms to the district0x Network, they introduce the district0x Network Token. The district0x Network Token (DNT) is a staking token, used by holders to join districts and participate in their governance. Upon staking district0x Network Tokens to a district, participants receive an equivalent amount of voting rights in the district. Voting rights can be used to partake in the processes that determine everything from a district’s branding, to its accepted code of conduct, to the auxiliary modules that are integrated, to the way that fees collected by revenue-generating auxiliary modules are utilized, and beyond.

District0x aims to be a network on which users can deploy decentralized peer-to-peer marketplaces. In the protocol, these marketplaces are called districts and are built using an open source framework known as d0xINFRA. d0xINFRA is a stack of open source Ethereum smart contracts and front-end libraries modeled after the Ethlance backend. This framework provides users with the core functionalities to run an online market or community. d0xINFRA’s library of smart contracts will allow users to

In addition, users will be able to customize their district through auxiliary modules such as moderation tools. Third parties are encouraged to develop auxiliary modules and monetize them through usage fees. Functionalities as well as auxiliary modules will be distributed via IPFS, a decentralized peer to peer file exchange protocol aiming to replace HTTP.

The establishment of a district on the network will trigger the creation of a corresponding entity on the Aragon Network, a platform for creating and governing virtual DAOs.

The first district on the network will be Ethlance, a decentralized job marketplace built on Ethereum. Ethlance will be followed by Name Bazar, an exchange for names registered via the Ethereum Name Service, and Meme Factory, a marketplace for trading provably rare digital assets.

District0x doesn’t intend to generate revenue as a for-profit entity. Instead, they aim to develop an open source, modular framework that enables participants on the network to decide how to best monetize the specific markets they seek to build. Eventually, the founding team hopes to transfer management of the project to DNT holders.

The District0x Network Token

The district0x Netowrk Token (DNT) is a voting rights token that will allow holders to join districts and participate in the governance of any district. By staking the DNT token to a district, users will receive voting shares in the respective district’s Aragon entity. The DNT token also grants holders a vote in governance decisions facing the district0x Project at large.

Governance for districts will take place on the Aragon network. The Aragon network allows for a wide range of possible governance models, including the creation of profit-sharing DAO tokens.

The Token Distribution

Team

The development team includes co-founder and lead developer Matus Lestan, the founder at Ethlance as well as fellow co-foudner Joe Urgo , who founded Sourcerers.io.

Luis Cuende, founder of Aragon; Carl Bennetts, a Status co-founder; Jake Brukhman, co-founder of CoinFund; Brayton Williams, co-founder at Boost VC; and Vincent Zhou, a founding partner of FinTech Blockchain Group are all listed as advisors.